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Southampton silent on Arsenal talks over Walcott fee

Cash-strapped Southampton have refused to comment on reports claiming they have accepted an early payment from Arsenal for
Walcott moved to Arsenal in January 2006 as a 16-year-old for an initial £5million fee which could have risen to £12million, based upon his progress.

But Saints are now thought to have accepted a total payment of £9.1million for the England striker, although the club have so far declined to confirm or deny the reports.

The Championship strugglers have managed to reduce their financial losses but continue to face an uncertain future, according to their latest half-year report.

In the six months ending December 31 2007, Saints' loss after tax was £700,000 despite a drop in revenue of more than £5million.